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Stark, Oded
Year of Publication: 
[Journal:] The Scandinavian Journal of Economics [ISSN:] 1467-9442 [Volume:] 97 [Issue:] 1 [Pages:] 55-71
Wiley, Hoboken
An implementation of the theory of labor migration under asymmetric information shows that return migration arises from the reinstatement of informational symmetry which induces low-skill workers, who are no longer pooled with high-skill workers, to return. When workers in an occupation constitute more than two skill levels, say four (without loss of generality), the following patterns emerge: Migration is sequential, that is, it proceeds in waves. Each wave breaks into workers who return and workers who stay; within waves the returning migrants are the low-skill workers. The average skill level of migrants is rising in the order of their wave.
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